HSBC has increased provisions for loan losses as trade war woes clouded the lender’s results. The FTSE 100 giant raised expected credit losses to $876m (£653m), from $202m in a stark indication of firm’s outlook on the global economy. This follows a bruising period for the lender’s stock after President Donald Trump’s erratic tariff agenda [...]
Full ArticleHSBC ups bad loan provisions after tariff chaos
City A.M.
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